Richmond has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.84% to date .
While Richmond,3121 ranked number 496th in VIC for increase in median house value (annualised) increase, it is ranked 238th over the last 5 years.
At number 238th of VIC’s most discounted properties, Richmond is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Property investors who have had real estate in Richmond, 3121 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
A 1.76% growth in median value for property investors in Richmond,3121 puts this suburb at number 309th in terms of best performing suburbs in VIC
Property buyers and investors in Richmond 3121 should be seeing an average reduction in asking price of around -4.93% . This means that Richmond is holding prices well when compared to other suburbs in VIC.
Richmond is 138th on a list of best yielding suburbs for rents in VIC with a 4.30% return